Off Plan
The off-plan financing product is designed for customers wishing to own under construction residential units (off-plan) according to the specifications of the unit model provided by the real estate developer and selected by the customer through forwarded-Ijarah financing structure.
This product is offered in cooperation with the Ministry of Housing and the Off-plan Sale Committee (Wafi).
Certified by SHL Shariah Board
Salary transfer is not required
Up to the age of 70 years
A financing amount of up to SAR 5M
Financing period of up to 30 years
Exemption in the event of death or total disability
Fixed or flexible monthly payments
Different types of property to pledge villa/apartment/building/land
Age Criteria
The minimum age is 21 years old
Age Criteria 2
The age of the customer should not exceed 70 years at the last payment of the monthly installments
Net Monthly Income
Starting from SR 5,000
Property conditions
The property must approved by Wafi and SHL
Property conditions
The property must be licensed by the Off-plan Sale Committee and approved by SHL